Thursday, 29 July 2021

Gold Price Forecast: Is Bitcoin Taking the Shine Away From Gold?

Neutral Fed does little for the USD, boding well for higher gold prices

from DailyFX - Market News https://ift.tt/3ycyTGW
via IFTTT

NZD/USD Outlook: Central Bank Divergence to Play a Key Role

Investors were left wanting more from the Fed as other central banks move towards adapting their monetary policy

from DailyFX - Market News https://ift.tt/3ybdcak
via IFTTT

British Pound (GBP) Price Outlook: GBP/USD Strong, Breaks Above Resistance

Sterling is firm all round Thursday, with GBP/USD breaking above another important resistance level, and the pair now seems on course to hit 1.40 in due course.

from DailyFX - Market News https://ift.tt/3l60VjJ
via IFTTT

US Dollar Trend Still Points Higher After FOMC, Q2 GDP Eyed

The US Dollar was knocked back by July’s FOMC policy announcement but a close look at officials’ guidance hints the uptrend remains intact. Second-quarter GDP data is in focus next.

from DailyFX - Market News https://ift.tt/3rImI1X
via IFTTT

Wednesday, 28 July 2021

Nasdaq 100 May Outperform the Dow Jones as Treasury Yield Curve Flattens: Q3 Top Trading Opportunities

A hawkish shift in the Fed’s monetary policy stance may mark another period of outperformance in the Nasdaq 100 index versus the Dow Jones Industrial Average.

from DailyFX - Market News https://ift.tt/3xJtEhP
via IFTTT

Yen Q3 Fundamental Forecast: Road Ahead Remains Tough

The road ahead for the Japanese Yen in the third quarter remains tough, with USD/JPY perhaps looking to rise amid a less-dovish Federal Reserve amid persistent inflationary pressures.

from DailyFX - Market News https://ift.tt/2Vg3ogA
via IFTTT

Crude Oil Outlook: WTI Jumps After Oil and Gas Inventory Drop Saps Covid Fears

Crude oil prices shifted higher after the EIA weekly report showed a bigger than expected drop in oil and gasoline stockpiles, eroding Covid demand-side fears.

from DailyFX - Market News https://ift.tt/3zIRTNF
via IFTTT

Gold Price Outlook Shifts Rosy Post FOMC, XAU/USD Eyeing US GDP Data Next

Gold prices are rising after the Federal Reserve rate decision, picking up gains during the Asia-Pacific session. Ahead, softer second-quarter US GDP data may further boost XAU/USD.

from DailyFX - Market News https://ift.tt/2UTylYe
via IFTTT

S&P 500 Holds Steady After the FOMC, Hang Seng Aims For a Rebound



from DailyFX - Market News https://ift.tt/3j0YfB8
via IFTTT

How to Trade After a News Release

Looking to trade post release? Read on for more on approaching volatile conditions after news events.

from DailyFX - Market News https://ift.tt/3uvBlXG
via IFTTT

Australian Dollar Outlook: AUD/USD Eyes Trade Data After FOMC Weakness

The Australian Dollar is higher against the US Dollar after the Fed's interest rate decision. Export and import price data may provide some event risk in the Asia Pacific region today.

from DailyFX - Market News https://ift.tt/3zZZ1Wb
via IFTTT

US Dollar Outlook: DXY Whipsaws as Fed’s Powell Stays Evasive

US Dollar price action ripped-then-dipped around the latest Fed announcement and press conference from Chair Powell as markets digested a nod to goal progress that is not yet substantial.

from DailyFX - Market News https://ift.tt/2WqOGDT
via IFTTT

Nasdaq 100 Ticks Higher Following FOMC Rate Decision, Powell Presser

The Nasdaq 100 tiptoed higher following the July FOMC rate decision and accompanying press conference from Chairman Jerome Powell. Despite hints of hawkishness that saw the USD rise, stocks remain ...

from DailyFX - Market News https://ift.tt/3zQoG3r
via IFTTT

Oil Price Rebound Underpinned by Decline in US Crude Inventories

The price of oil defends the advance from the monthly low ($65.01) amid a larger-than-expected decline in US crude inventories.

from DailyFX - Market News https://ift.tt/3laS9AT
via IFTTT

Gold Price Drops as US Dollar Jumps; Fed Eyes Start of Tapering

Gold price action is dropping alongside a broadly stronger US Dollar following the Fed announcement as the central bank says progress toward goals have been made for tapering.

from DailyFX - Market News https://ift.tt/2UVSX1K
via IFTTT

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD

The USD set a fresh three-month-high and then spent the next week pulling back. Today brings the Fed - will USD bulls get back to work?

from DailyFX - Market News https://ift.tt/3f0VXkr
via IFTTT

How to Read a Candlestick Chart

Learn how to read and interpret candlestick charts for day trading, with top strategies and tips.

from DailyFX - Market News https://ift.tt/3qAG5Jo
via IFTTT

NZD/USD Rate Rebound Unravels Ahead of Federal Reserve Rate Decision

NZD/USD gives back the advance from the monthly low (0.6881) as the US Dollar outperforms against the commodity bloc currencies ahead of the Fed rate decision.

from DailyFX - Market News https://ift.tt/3rMBepK
via IFTTT

Canadian Dollar Forecast: USD/CAD Drop on the Horizon

USD/CAD raising the risk of a pullback as eyes shift to CPI and FOMC.

from DailyFX - Market News https://ift.tt/3ybZOCP
via IFTTT

British Pound Q3 Fundamental Forecast

The UK economic recovery continues, aide by a successful vaccination program, all eyes are now on data releases

from DailyFX - Market News https://ift.tt/3jFp7IU
via IFTTT

ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...